Steven Halasnik

Co-Founder and Managing Partner, Financing Solutions · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderexecutivehostauthor@shalasnik ↗LinkedIn ↗financingsolutionsnow.com ↗

Halasnik has founded and scaled multiple businesses generating $5 million to $25 million in revenue, co-founding Financing Solutions to provide lines of credit to small businesses and nonprofits. He hosts The Nonprofit MBA Podcast and The Entrepreneur MBA Podcast, and contributed to the book Crash and Learn.

11statements → 3claims → 0claims resolved → 4.09/5average certainty → 2.27/5average debate potential → ≈4.0/5argument clarity, estimated →

3 not checkable as stated how the 3 claims stand · each chip opens the sources

1 prediction · 2 assertions · 6 insights · 2 disclosures · every statement was checked. The prediction and assertions are the 3 claims: statements the public record can support or contradict. 0 are resolved, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Steven argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Steven Halasnik on measured tape to publish a rate. This says nothing about how they speak.

What they said11 Episodes1

Everything Steven Halasnik said on We Live to Build that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure

Halasnik secretly moonlit at Xerox for 18 months to build a startup

“What I did with Xerox, I worked for a year and a half for Xerox, half a day without them knowing it. And then the other half a day, I started my company.”

Steven Halasnik Dec 22, 2020 ▶ 4:32 The Chess Board Secret: Why Small Businesses Only Have One Move

Assertion Not checkable as stated

Halasnik: Bootstrapping long-lasting small businesses pays better than venture-backed startups

“I have quite a number of friends who got investor money, you know, they built their companies and were successful at it. And they didn't make as much money as I did building a small company that That kind of lasts a long period of time.”

Steven Halasnik Dec 22, 2020 ▶ 15:16 The Chess Board Secret: Why Small Businesses Only Have One Move

Insight

Halasnik: Companies cannot surpass $3M revenue without dedicated internal operations managers

“In fact, you'll never grow in size past like three million in yearly revenue if you don't have somebody working on the inside while you're working on the business.”

Steven Halasnik Dec 22, 2020 ▶ 30:41 The Chess Board Secret: Why Small Businesses Only Have One Move

Prediction Not checkable as stated

Halasnik: Financing Solutions will grow after top two US competitors went bankrupt

“And we think that As the recession progresses, people are going to come back to needing a line of credit and our two biggest competitors in the United States went out of business already. So, you know, we kind of think that we're going to do well.”

Steven Halasnik Dec 22, 2020 ▶ 37:09 The Chess Board Secret: Why Small Businesses Only Have One Move

Insight

Halasnik: Relying on sales hires or word of mouth is not marketing

“And I don't believe that hiring a salesperson is a marketing strategy and word of mouth about your company is not a very good marketing strategy. You have to have a variety of channels. From anything from social media to direct mail to email campaigns to SEO, …”

Steven Halasnik Dec 22, 2020 ▶ 40:42 The Chess Board Secret: Why Small Businesses Only Have One Move

Insight

Halasnik: Founders need three years to learn a business, ten for mastery

“It really takes a business owner three to five years. I would say closer to three to really know what they're doing, you know, with their business. And it takes 10 years to learn how to be a really a professional business owner, you know, learning all the nuan…”

Steven Halasnik Dec 22, 2020 ▶ 10:23 The Chess Board Secret: Why Small Businesses Only Have One Move

Disclosure

Halasnik bootstrapped multiple businesses to $25M in revenue without VC funding

“None of the businesses I've ever built, which are between six and twenty-five million in yearly sales, none of them have involved any type of angel funding or any type of VC money.”

Steven Halasnik Dec 22, 2020 ▶ 13:09 The Chess Board Secret: Why Small Businesses Only Have One Move

Insight

Halasnik: Shifting to fixed costs helps scale but creates severe downside risk

“Big companies move from variable costs to fixed costs, and that's how they're able to get their pricing down and really beat the competition. When you get bigger, that's how you're able to knock out all the little companies that are out there, but it also is a…”

Steven Halasnik Dec 22, 2020 ▶ 18:26 The Chess Board Secret: Why Small Businesses Only Have One Move

Insight

Halasnik: Industry-specific recessions can last significantly longer than broader macroeconomic downturns

“What I learned is that recessions in your industry can last a lot longer than the global or local recessions.”

Steven Halasnik Dec 22, 2020 ▶ 27:08 The Chess Board Secret: Why Small Businesses Only Have One Move

Insight

Halasnik: Small businesses only have one chess piece to play during recessions

“You know, when you're a small business, okay, you have one chess piece. You don't have a lot of Options. You don't have a lot of moves. It's a real problem for a recession where like a small business, yeah, they can cut back on their costs really, really quick…”

Steven Halasnik Dec 22, 2020 ▶ 28:44 The Chess Board Secret: Why Small Businesses Only Have One Move

Assertion Not checkable as stated

Halasnik: Financing Solutions saw zero loan defaults during early COVID-19 pandemic

“We didn't lose any money. None of our clients stopped paying us you know, within reason. And we did really well. The only thing that has happened with us is people, companies stopped, stopped using their line of credit. And so our portfolio is down, but we did…”

Steven Halasnik Dec 22, 2020 ▶ 35:01 The Chess Board Secret: Why Small Businesses Only Have One Move

Appearances (1)

Episode	Date	Speaking time
The Chess Board Secret: Why Small Businesses Only Have One Move	Dec 22, 2020	31m

Steven Halasnik

The record, in short

How they sound: not measured why? →

Appearances (1)

Turn any episode into a week of clips.